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1 hour ago, THE STIFFMEISTER said:

@scotty12 What effects do you think that using an alternative payment system would have on our own economy?  Would you advise I invest or should I hang on until the market levels out ? 

Short term it's gonna crash like never before banks the lot will go bust ..... long term just sit tight wether the storm make sure you can survive through it and you'll be financially rewarded like you never thought possible 

 

 

the best is yet to come !! 

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1 minute ago, scotty12 said:

Short term it's gonna crash like never before banks the lot will go bust ..... long term just sit tight wether the storm make sure you can survive through it and you'll be financially rewarded like you never thought possible 

 

 

the best is yet to come !! 

Where are you getting this info from?

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1 hour ago, scotty12 said:

Short term it's gonna crash like never before banks the lot will go bust ..... long term just sit tight wether the storm make sure you can survive through it and you'll be financially rewarded like you never thought possible 

 

 

the best is yet to come !! 

Have you got any details to this event.?

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BRICS is just a trade agreement, much like The EU, NAFTA, AUKUS, CPTPP. 
If they want to have the Chinese Yuan as their currency, so what ? The EU is one of the biggest trading blocks in the world and has its own currency, the Euro.

What would happen if the BRICS countries demanded to be paid for their goods in Yuan and America, the EU, the Uk, and all the other nonBRICS countries refused and said they would only pay in their own currencies ?

China couldn’t afford not to sell to the rest of the world. All countries will continue to have their own currencies and trade with each other. 
China and Russia tried the communist system and failed and are now part of the capitalist system, they have to be.

BRICS , just like the Chinese “belts and roads initiative”, is nothing to be afraid of, China had to keep selling to West to survive and prosper.

Cheers.

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2 hours ago, chartpolski said:

BRICS is just a trade agreement, much like The EU, NAFTA, AUKUS, CPTPP. 
If they want to have the Chinese Yuan as their currency, so what ? The EU is one of the biggest trading blocks in the world and has its own currency, the Euro.

What would happen if the BRICS countries demanded to be paid for their goods in Yuan and America, the EU, the Uk, and all the other nonBRICS countries refused and said they would only pay in their own currencies ?

China couldn’t afford not to sell to the rest of the world. All countries will continue to have their own currencies and trade with each other. 
China and Russia tried the communist system and failed and are now part of the capitalist system, they have to be.

BRICS , just like the Chinese “belts and roads initiative”, is nothing to be afraid of, China had to keep selling to West to survive and prosper.

Cheers.

Cmon mate, you know the score, a sensible and coherent post on this thread is not the done thing.... even if it does make by far the most sense... 

 

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2 hours ago, chartpolski said:

BRICS is just a trade agreement, much like The EU, NAFTA, AUKUS, CPTPP. 
If they want to have the Chinese Yuan as their currency, so what ? The EU is one of the biggest trading blocks in the world and has its own currency, the Euro.

What would happen if the BRICS countries demanded to be paid for their goods in Yuan and America, the EU, the Uk, and all the other nonBRICS countries refused and said they would only pay in their own currencies ?

China couldn’t afford not to sell to the rest of the world. All countries will continue to have their own currencies and trade with each other. 
China and Russia tried the communist system and failed and are now part of the capitalist system, they have to be.

BRICS , just like the Chinese “belts and roads initiative”, is nothing to be afraid of, China had to keep selling to West to survive and prosper.

Cheers.

I don’t profess to be an expert in finance but have a few mates that play the markets that have been telling me for quite some time that the fiat currency we are using is unsustainable and will crash and a gold back currency will emerge which is why the Chinese have been buying the worlds gold reserves for the last decade and its the gold backed currency the bricks block will be trading in forcing the west’s non excitant paper and bullshit currency to crash also oil will cease to be traded in dollars, which reading between the lines here kind of makes sense I like to listen to all sides then draw my own conclusion and I do believe there is a global crash coming 

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7 minutes ago, Greyman said:

I don’t profess to be an expert in finance but have a few mates that play the markets that have been telling me for quite some time that the fiat currency we are using is unsustainable and will crash and a gold back currency will emerge which is why the Chinese have been buying the worlds gold reserves for the last decade and its the gold backed currency the bricks block will be trading in forcing the west’s non excitant paper and bullshit currency to crash also oil will cease to be traded in dollars, which reading between the lines here kind of makes sense I like to listen to all sides then draw my own conclusion and I do believe there is a global crash coming 

Glad I’ve got my own little gold and silver reserves then ! LOL !

cheers.

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8 minutes ago, Greyman said:

Seems that’s were the smart money is mate 

When the crash comes, if it does, and  if I’m still around, I’ve got my allotments, poultry, dogs and fishing gear, I’ll probably not starve, I live a pretty frugal life anyway! LOL !

Cheers.

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